REVOCABLE TRUST
___________________________ of ________________ in the County of
_________________, have this day conveyed and transfered to
_____________________, a _________________ located at and of
_____________________, State of ______________, TRUSTEE, the property
as listed and set forth in Schedule A attached hereto and made a part
hereof, and the said Trustee hereby makes and executes this
Declaration of Trust and hereby agrees for itself and its successors
in effect, to hold said property and any property from time to time
added hereto IN TRUST NEVERTHELESS upon the following uses and
benefits, that is to say:
FIRST: The property shall be held, managed, invested and re-invested
by the Trustee, and its successor or successors, with all the powers
to the Trustee as herein provided.
SECOND: The Trustee shall divide the Trust Property into equal
shares for each of the beneficiaries, namely:
and shall pay to, or apply for the benefit of, said named
beneficiaries such amount, or amounts, of the net income and/or
principal from each of said shares as the Trustee in its uncontrolled
discretion may determine, any net income in any year which is not
paid to, or applied for the benefit of, the beneficiary of each said
share shall be added to the principal of said share at the end of the
year.
THIRD: The Trustee shall pay to each of said beneficiaries the
principal of the share held for his or her benefit, free and
discharged from any Trust in or within one (1) year from the date of
the death of the last surviving settlor unless this trust is sooner
revoked.
FOURTH: In extension and not in limitation of the powers given them
by law or other provisions of this instrument the Trustee and any
successor or successors shall have the full power with respect to
any property in any Trust established hereunder, to deal with the
same as if he/she were the owner thereof without order or license of
any Court.
FIFTH: The interest of each beneficiary in the income and principal
of a trust under this instrument shall be free from the control or
interference of any creditor of the beneficiary or any spouse of a
married beneficiary and shall not be subject to attachment or
susceptible of anticipation or alienation.
SIXTH: This Declaration of Trust is revocable and the Settlor
retains the power to alter, amend or revoke this instrument either in
whole or in part at any time. Revocation shall be accomplished by a
certificate of the Settlor delivered to the Trustee personally or by
certified mail.
IN WITNESS WHEREOF __________________ and ______________, Settlors,
and _____________________, Trustee, have hereunto set their hands and
seals this _____ day of __________ A.D.
In presence of:
_______________________________ ____________________________
______________________________
__________________[Trustee]
At Munley,
Munley & Cartwright, our goal is to provide exceptional legal services to our
clients. We strive to achieve the highest standard of excellence for the
protection of individual rights through team work and the use of our
considerable resources and experience. For a free consultation regarding
your legal concerns, please submit the below, or call us at:
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